Singapore Exchange (SGX)-listed logistics REIT Mapletree Logistics Trust (MLT) is divesting its asset in China known as Mapletree Xi’an Logistics Park.

It is being divested for RMB70.5 million (SGD13.1 million, said the REIT on 12 June.

This consideration is about 0.7% above its valuation of RMB70.0 million as at 31 March 2024, and intercompany loans granted to the entity that owns the asset.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.